undamentalytics Newsletter

Steel stocks

15 US-listed companies in steel, with $170.8bn of combined revenue in their latest fiscal years. Arcelormittal is the largest ($61.4bn). The fastest grower with at least $100m of revenue in both years is Commercial Metals Co, up 20.5%. The median company grew 3.6% with a net margin of 4.0%.

Companies15
Combined revenue$170.8bn
Median revenue growth3.6%
Median net margin4.0%
Median return on equity6.1%
#CompanyRevenueGrowthNet marginROEFiscal year
1 ArcelormittalMT $61.4bn −1.7% 5.1% 6.1% 2025
2 NucorNUE $32.5bn 5.7% 5.4% 8.5% 2025
3 Cleveland-cliffs Inc.CLF $18.6bn −3.0% −7.9% −23.2% 2025
4 Steel DynamicsSTLD $18.2bn 3.6% 6.5% 13.3% 2025
5 Reliance, Inc.RS $14.3bn 3.3% 5.2% 10.3% 2025
6 Commercial Metals CoCMC $9.4bn 20.5% 7.0% 14.8% 2026
7 Ryerson Holding CorpRYZ $4.6bn −0.6% −1.2% −7.2% 2025
8 Worthington Steel, Inc.WS $3.4bn 11.3% 0.2% 0.8% 2026
9 Carpenter Technology CorpCRS $3.1bn 8.6% 17.0% 25.8% 2026
10 Suncoke Energy, Inc.SXC $1.8bn −5.1% −2.4% −6.9% 2025
11 Algoma Steel Group Inc.ASTL $1.5bn −28.0% −47.2% −96.1% 2025
12 Metallus Inc.MTUS $1.2bn 6.9% −0.1% −0.2% 2025
13 Insteel Industries IncIIIN $740m 14.2% 4.0% 7.9% 2026
14 Huadi International Group Co., Ltd.HUDI $63m −15.3% −2.2% −1.8% 2025
15 Luda Technology Group LtdLUD $34m −25.3% 1.7% 3.2% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other materials industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.